Daily Archives: July 24, 2015

Parliament majority member Ani Mirotadze evaluates David Sergeenko’s new initiative regarding the primary healthcare circle reform and says that the government is carrying out the healthcare reform in sequence. According to Mirotadze’s statement, in the long-term perspectives, it’s important to facilitate a social mentality that disease prevention is far more …

Panama emerges as the country with the highest level of well-being in the 2014 Country Well-Being Rankings report, which surveys citizens in 145 countries and territories on five elements of well-being – purpose, social, financial, community and physical – and ranks countries based on the proportion of the population who say …

According to the Ministry of Internal Affairs, restrictions will be imposed on some roads in Tbilisi due to the 13th Youth Olympic Festival Tbilisi 2015. In particular, on July 26th, from 18:20 till 19:40, as well as from 22:00 to 22:30 traffic will be banned in the vicinity of Mikheil …

Over one million customers of Energo-Pro Georgia power distributor company will see electricity tariff increase by 3.95 tetri (about 1.75 U.S. cents) per kWh starting from August 1, prompting the government to consider subsidies for socially vulnerable households. Energo-Pro Georgia, which is part of the private Czech group Energo-Pro, is …

The euro strengthened on Thursday, briefly rising above $1.10 for the first time in a week, as the Greek parliament approved a second set of reforms required to start negotiations with lenders in a bid to avert bankruptcy. The greenback stalled against other major currencies despite expectations that the U.S. …

Financial Times Group is not a major revenue generating business for the holding. More than 70% of the proceeds media holding Pearson brings an educational segment. And the strategy of further development of the company requires a focus on this area. Executive Director John Pearson Fallon said that amid the …

If the financial and economic management of the country is continued this way, then in Georgia will soon happen the same as in Greece – Coca-Cola Bottlers Georgia founder Temur Chkonia says. According to him, the increase in electricity tariffs is very painful and unpleasant process, but this is normal …

The study showed that a free trade agreement between Georgia and China has great potential. Georgia’s export to China would increase by 9% approximately, in the short-term period including significant growth ofwine exports (28.5%) and non-alcoholic drinks (36.7%). On the other hand, imports from China would increaseby 1.7%.The study has …

The “Agriculture Support Project (ASP)”, which has been in development in Georgia for five years, is successfully entering its completion stage. Regarding the ending of the project, at the end of the month the International Fund for Agricultural Development (IFAD) and the Ministry of Agriculture of Georgia will share details …

Georgia imported 122,790 metric tons of oil and petroleum products worth $65.31 million from Azerbaijan in H1 of 2015, GeoStat said in its report on the first six months of 2015. The supply volume of these products from Azerbaijan to Georgia has increased by 10.4 percent, while 35.5 percent decrease …

Rakia Georgia, the operator of Poti industrial zone, changes its concept. According to the company’s Director Guga Tsanava, the company focuses on attraction of large companies in small quantities and not hundreds of small enterprises. At the same time, Guga Tsanava says that Rakia started investing in infrastructure development in …

The government will present the power subsidies plan in the nearest future. According to the governmental administration, the Prime Minister and his economic team discussed the subsidy plan at a meeting yesterday evening. The meeting was attended by Energy Minister and Vice-Prime Minister Kakha Kaladze, Minister of Economy and Sustainable …